Australia's Tabcorp falls over fine for gambling breaches

Tabcorp Holdings

23/08/2024 05:48

** Shares of Tabcorp Holdings  TAH.AX  fall as much as 2.6%
to A$0.555, their lowest level since Aug 8
    ** The Australian bookmaker to pay  A$4.3 mln ($2.89 mln) in
fine, says the Victorian Gambling and Casino Control Commission
    ** Co to pay fine over repeated breaches of gambling harm
prevention laws between 2020 and 2023
    ** Stock has fallen 31.7% this year, as of last close

($1 = 1.4877 Australian dollars)

 (Reporting by Sherin Sunny in Bengaluru)
 ((Sherin.Sunny@thomsonreuters.com))